Publicly traded Bitcoin fund Grayscale Bitcoin Trust filed a form with the United States SEC to become the first crypto fund to report to the regulator.
GBTC News
GBTC is the stock ticker of the Bitcoin Investment Trust (BIT) company, which has become the first public Bitcoin fund. GBTC's price directly depends on the increase in demand for GBTC, which — for its part — might be affected by BTC's price. That actually happened when BIT was launched and the BTC price increased 20 percent. The first official announcement about the appearance of BIT was made in 2015. Fund BIT was founded in 2013 by founder and CEO of Digital Currency Group, Barry Silbert. BIT has become the first fund that trades Bitcoin in a public exchange and has obtained the necessary agreements from regulatory organs and received the official Bitcoin Investment Trust GBTC ticker. GBTC of Bitcoin Investment Trust is an important step on the way to the massive acceptance of cryptocurrency.
- News
- News
The precious metal has gained 27.5% since Grayscale rebranded its website urging investors to dump gold for Bitcoin.
- News
by Helen Partz
American digital asset manager Grayscale Investments introduced its pro-bitcoin advertising initiative “Drop Gold.”
- Analysis
Merrill Lynch concerned over Bitcoin’s “suitability and eligibility” in its ban for advisors
-
by Jon Buck
The Bitcoin Investment Trust (GBTC) is currently trading at $927 per share. It represents a price of $10,000 per Bitcoin, almost 120 percent premium on the curr...
-
by Joseph Young
The demand toward Bitcoin is also increasing at a rapid rate in the public stock markets. Some ETFs and instruments including Bitcoin Investment Trust are being...
-
by Jon Buck
Rothschild Investment Corp. Buys into BTC Per SEC.
-
by Erin Lace
This week ARK Investment became the first ETF to invest in Bitcoin, purchasing publicly traded shares of Grayscale's Bitcoin Investment Trust (GBTC), which are ...
-
by Allen Scott
Cointelegraph reached out to Coinsilium to get some more details on its milestone IPO.
Editor’s Choice
- Bitcoin Miner Canaan’s IPO Nets Just $90M After Losing Banking Partner
- ‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly
- German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account
- Grayscale: 84% of Q3 Interest Came From Non-Crypto Hedge Funds
- Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low